Berkshire Hathaway (BRK-B) Transitions Leadership as Abel Assumes CEO Responsibilities

Revenue and equity figures were not straight discussed, but Berkshire ended 2024 with $334.2 cardinal successful currency aft selling $134 cardinal successful equities. A large constituent of this portfolio displacement was the 67% simplification successful its Apple (AAPL, Financials) stake. The iPhone maker, which depends heavy connected Chinese manufacturing, has dropped astir 16% year-to-date.

Berkshire's pb manager Sue Decker told CNBC the committee views Abel not arsenic a CEO-in-waiting but arsenic a person already successful action. Abel, presently CEO of Berkshire Hathaway Energy, has been progressive successful large superior allocation decisions and holds the spot of some Buffett and the board.

Abel's elevated relation comes up of Berkshire's three-day shareholder meeting, wherever Buffett is expected to pb a Q&A. Market participants expect comments connected the caller 145% tariff connected Chinese imports announced by President Donald Trump connected April 2.

Buffett antecedently criticized tariffs successful a March interrogation with CBS, saying, The bony fairy doesn't wage 'em. Investors specified arsenic Steve Check from Check Capital Management are calling for stronger criticism, particularly fixed Berkshire's immense vulnerability to U.S. economical sectors.

With wide marketplace volatility and capitalist anxiety, Buffett's soundlessness would awesome caution. His actionsoffloading stocks and gathering cashindicate Berkshire is bracing for economical headwinds.

• See Buffett's afloat trading history.

• Explore Peter Lynch valuation connected Apple.

This nonfiction archetypal appeared connected GuruFocus.